Senior Fellow Ivan Eland appears on Arise TV to talk about the Greek Governments credit deal with the International Monetary Fund. Eland says the last minute deal with Greeces creditors might prolong the inevitable, that Greece might fall into default on loans. Greece and the EU might be better off if they realize that Greeces economy is failing.

Independent Institute Senior Vice President Mary L. G. Theroux testified on "Childhood Poverty, Government Failures, and the Need for Economic Liberty", before the California State Senate's Budget Subcommittee on Health and Human Services, at the request of State Senator Jeff Stone. The witnesses spoke about California's Maximum Family Grant rule for families on welfare. The rule caps grants and does not increase grant money to mothers on welfare when they have more children. Mary testified about the causes of poverty and of the need for other, non-government options for poor families. She introduced ideas for helping the poor through private resources and organizations, instead of government agencies where families and women often find themselves trapped in a cycle of poverty.

Research Fellow Vern McKinley, author of Financing Failure is interviewed by The Full Disclosure Network about the role of the Federal Reserve and whether or not it protects American citizens from financial disaster.

Sr. Fellow David T. Beito appears on the Fox Business News' "Stossel" to debate whether government or private charity is a better way to abolish poverty. Beito, editor of the book The Voluntary City says that government is outdated and its War on Poverty is a failure.

Sr. Fellow Ivan Eland appeared on Arise TVs XChange program to talk about German Chancellor Angela Merkel. Merkel has called for austerity in Europe and has helped Europe avoid economic collapse. Although she mediated bailouts in Europe, the situation would have been worse without her leadership. Merkel has also demanded sanctions against Russia.

Sr. Fellow Ivan Eland appeared on AriseTV discussing Russian/European politics. Russia's oligarchs are expected to withdraw money out of UK markets in light of EU sanctions against Russia. Sanctions were imposed after the downing of a Malaysian passenger jet. The sanctions will hurt EU countries as well as Russia says Eland.